WAA
ActiveThe computed 12-month bankruptcy probability of WAA is 2.0% (moderate). The 2025 annual accounts show equity of €10k and a net result of €-5k. Equity is growing by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 76% of 11185 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-20
Solvency100▲+12
Growth68=
Stability94
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 3.87 against 2.12 in 2024), and 25.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
74.2%
Return on assets
-41.8%
Age of the figures
14 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-06-2026, 142 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
142 d late
2024
507 d late
2023
77 d late
2022
122 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€297k▲ 22.4%
2022 · €242k
2022: €242k
2022 → 2023
EBIT margin
2.7%▼ 1.5pp
2022 · 4.2%
2022: 4.2%
2022 → 2023
Net result
€-5k
2024 · €569
2022: €8k
2023: €6k
2024: €569
2022 → 2025
Working capital
€10k▼ 42.7%
2024 · €17k
2022: €18k
2023: €20k
2024: €17k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€242k-€297k▲ 22.4%
Equity€8k-€14k▲ 74.6%€14k▲ 3.1%€10k▼ 31.5%
Operating result€10k-€8k▼ 22.4%€4k▼ 47.5%€-4k
Net result€8k-€6k▼ 25.4%€569▼ 90.2%€-5k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4k after €4k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €13k
Equity
€10k▼ 31.5%
Debt
€3k▼ 81.6%
The debt ratio falls from 56.5% to 25.8%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-4k▼
2024 · €5k
Cash flow
€-5k▼
2024 · €2k
Solvency
74.2%▲
2024 · 43.5%
Current ratio
3.87▲
2024 · 2.12
Quick ratio
3.87▲
2024 · 2.12
Debt / equity
0.35▼
2024 · 1.30
ROE
-56.3%▼
2024 · 4.0%
ROA
-41.8%▼
2024 · 1.8%
Interest coverage
-2.45▼
2024 · 42.96
Debt
€3k▼
2024 · €18k
Debt ≤ 1 year
€3k▼
2024 · €15k
Staff costs
€0▼
2024 · €33k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€32k€13k▼
Fixed assets21/28€444€0▼
Tangible fixed assets22/27€444€0▼
Plant, machinery and equipment23€444€0▼
Furniture and vehicles24€0€0=
Current assets29/58€32k€13k▼
Amounts receivable within one year40/41€17k€4k▼
Trade receivables40€5k€0▼
Other amounts receivable41€12k€4k▼
Cash at bank and in hand54/58€15k€9k▼
Equity and liabilities
Total equity and liabilities10/49€32k€13k▼
Equity10/15€14k€10k▼
Contributions10/11-€1k
Reserves13€390€390=
Non-distributable reserves130/1€390€390=
Reserves not available under the articles1311€390€390=
Profit (loss) carried forward14€14k€8k▼
Amounts payable17/49€18k€3k▼
Amounts payable after more than one year17€3k-
Financial debts170/4€3k-
Amounts payable within one year42/48€15k€3k▼
Trade debts44€9k-
Suppliers440/4€9k-
Taxes, remuneration and social security45€6k€3k▼
Taxes450/3€2k-
Remuneration and social security454/9€4k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€33k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€944€444▼
Other operating charges640/8€2k€369▼
Non-recurring operating charges66A€5-
Gross operating margin9900€40k€-3k▼
Operating profit (loss)9901€4k€-4k▼
Financial charges65/66B€119€1k▲
Recurring financial charges65€119€1k▲
Profit (loss) for the period before taxes9903€4k€-5k▼
Income taxes67/77€3k-
Profit (loss) for the period9904€569€-5k▼
Profit (loss) for the period to be appropriated9905€569€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€8k▼
Profit (loss) brought forward from the previous period14P€13k€14k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 142 days late
22-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 507 days late
2025
30-06
Financial
Weakest financial yearnet €-5k ▼1053%
Net result drops to €-5k, the lowest in the series.
2024
17-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 77 days late
2023
30-06
Financial
Liquidity times 6current ratio 9.44
Current ratio from 1.58 to 9.44; short-term debt falls from €32k to €2k.
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 directors, no change since 2025
Lana Sabbagh
CurrentDirector · since 25-07-2025
25-07-2025
Lana Sabbagh: Appointed as Director
25-07-2025
Jawaher Sabbagh: Resigned as Director
02-06-2025
Jawaher Sabbagh: Appointed as Director
02-06-2025
Ahmad Kirdi: Resigned as Director
02-06-2025
Mohamad Dabbabo: Resigned as Director
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2025
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Dendermondsesteenweg 1299000 GentGround area
124 m²
Building footprint
106 m²
Volume, LiDAR
666 m³
Parcel 44804D0132/00Y010, Flanders · tallest building 12.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
WAA
since 20252.376.394.882
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D0132/00Y010 | Flanders | 124 m² | 1 · 106 m² | 12.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.376.394.882
Similar companies · same sector, comparable size
OLIANDCO
BE 0899.988.071
Kortrijk · Eq €10k
GEMABEL
BE 0437.517.807
Anderlecht · Eq €10k
DAVIANI
BE 0771.726.951
Vilvoorde · Eq €10k
WELL'COM
BE 0890.285.202
Jette · Eq €10k
MAVERICK Ltd.
BE 0459.106.047
Antwerpen · Eq €10k
Of 4,406 companies in sector 46180 we hold annual accounts for 1,875. 880 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-05-2021
Fiscal year end30-06
Activities, NACEBEL
46180Agents specialised in the wholesale of other particular products
47110Non-specialised retail sale with food, beverages or tobacco predominating
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.